Siebert Financial Corp. shares had a trading volume of 1,700 by the end of trading on Tuesday. Trading volume was up 141.48% over the stocks average daily volume.
Investors are a little more bullish on shares of Siebert Financial Corp. lately as shown by the downtick in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -15.98%. Short shares decreased 5,173 over that timeframe. The short-interest ratio increased to 38.0 and the short interest percentage is 0.00% as of October 13.
These firms have modified their investment in SIEB. As of quarter end Citadel Advisors LLC had bought a total of 136 shares growing its holdings by 0.9%. The value of the investment in (SIEB) decreased from $20,000 to $20,000 a change of 0.0% for the reporting period. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of 400 shares trimming its stake by 0.3%. The value of the company’s investment in Siebert Financial Corp. went from $518,000 to $565,000 a change of $47,000 quarter to quarter.
The company is so far trading up since yesterday’s close of $3.87. Shares of the company are trading at $3.87 slightly below $3.89, the stock’s 50 day moving average and which is marginally lower than the 200 day moving average of $3.97. The 50 day moving average went down $-0.02 or -0.46% and the 200 day average went down $-0.10 or -2.61%.
Siebert Financial Corp., launched on April 9, 1934, is a holding company that conducts retail discount brokerage business through its subsidiary, Muriel Siebert & Co., Inc. (Siebert). The Business’s Siebert’s principal activity is providing online and traditional brokerage and related services to retail investors. The Company is also an investment advisor through a subsidiary, Siebert Investment Advisors, Inc. (SIA). SIA offers advice to clients regarding asset allocation and the selection of investments. Another subsidiary, Siebert’s Women’s Financial Network Inc. (WFN), is involved in providing products, services and information devoted to women’s financial needs. Siebert develops and maintains its retail customer base through printed advertising in financial publications, Internet advertising and social media..